You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.
Sentiment: NEGATIVE
A lot of our fiscal deficit went to fund consumption and really did not get used to build investment and infrastructure. The trouble is, you can get a spurt in GDP growth, which may not be sustainable. I would much rather build the gradient of a long-term marathon.
It's time to create an Economic Growth Code whose purpose is to fix and grow the economy, not redistribute massive amounts of wealth.
Well, you can, but tell you this, that when you've got an economy that is growing at 4.9% it is the fastest growth over the last 12 months we've seen in 20 years.
Growth based on debt is unsustainable, artificial.
Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses.
The failure of credit markets is one of the major reasons for underdevelopment.
It's not enough to have economic growth. You have to distribute wealth throughout all of society.
We can't just cut our way to prosperity. Even as we look for ways to reduce deficits over the long term, we must grow the economy in a way that strengthens the middle class and everyone willing to work hard to get into it.
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
You don't grow the economy by growing government.